Crypto News 

Nvidia earnings: Gaming and data-center should pave over any auto, crypto weakness

“Nvidia Corp. is expected to play to its core strengths rather than visionary side hustles this earnings season, as strong gaming and data-center sales overcome deficiencies in self-driving and cryptocurrency-mining” writes Wallace Witkowski for marketwatch.com. Analysts on average expect gaming revenue at Nvidia is expected to grow 47% to $1.75 billion from the year-ago period, according to FactSet data, with data-center revenue expected to jump 78% to $740.1 million.While Intel’s data-center revenue fell just shy of Wall Street consensus in its most recent earnings report, sales also grew 27% from…

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Intel shares slip as data-center miss overcomes earnings beat, outlook boost

“For the third quarter, Intel estimates adjusted earnings of $1.15 a share on revenue of $17.6 billion to $18.6 billion for the third quarter” writes Wallace Witkowski for marketwatch.com. Client-computing, or traditional PC, sales rose 6% from the year-ago quarter to $8.7 billion, while analysts expected $8.48 billion.For the year, the company boosted its outlook to $4.15 a share on revenue of $68.5 billion to $70.5 billion.Adjusted earnings were $1.04 a share.Wall Street expected revenue of $16.78 billion from Intel, according to FactSet. Source: marketwatch.com Share This:

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Microsoft tests underwater datacenter in the Scottish sea

“An underwater datacenter addresses this challenge in two ways” writes Rachel Kraus for mashable.com. On Tuesday, Microsoft announced that it had deployed the second phase of Project Natick: a “moonshot” research project to test the viability of underwater datacenters.First, Microsoft placed the datacenter next to the European Marine Energy Center.It placed the datacenter off the coast of the Orkney Islands, which are at the northernmost tip of Scotland.It found that it could use many of the same techniques that maintain the climate of submarine — such as pipes that channel…

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Lenovo reports Q4 profit of $33M, down 69% YoY, and revenue of $10.6B, up 11% YoY, with no recovery in its smartphone business and PC market remaining stagnant

“Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacenter business in a stabilizing PC market” writes Bloomberg News for bloomberg.com. This month, the company merged its mobile and PC businesses under Chief Operating Officer Gianfranco Lanci, a Lenovo veteran who helped to build company’s presence in Europe.The company is trying to reverse the years of declining growth that got it kicked off Hong Kong’s benchmark index this year. Source: bloomberg.com Share This:

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News Stocks 

Nvidia stock gains after Susquehanna hikes price target ahead of earnings

“Susquehanna Financial Group analyst Christopher Rolland raised his price target on Nvidia Corp” writes Emily Bary for marketwatch.com. Nvidia shares are up 0.4% in premarket trading Tuesday and up 142% over the past 12 months.Nvidia is due to report earnings on Thursday, and Rolland expects cryptocurrency-mining sales and channel restocking to drive better-than-anticipated results for the company’s gaming segment. Source: marketwatch.com Share This:

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Oracle to open 12 new datacenter regions to expand its cloud business

“The company said that as it expands its cloud business, it expects margins to to expand as well” writes Reporter Editor for marketwatch.com. ORCL, +1.90% said it was opening 12 new datacenter regions as it expands the breadth and depth of its cloud business in Asia, Europe and the Americas. The stock, which was indicated up about 1% in premarket trade, has lost 3.2% over the past three months while the S&P 500 SPX, +1.49% has gained 1.4%. Source: marketwatch.com Share This:

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Data-center provider Switch surges in debut

“Switch shares rose as high as $24.71, before trading up 21.5 percent at $20.66 shortly before the close” writes Min Read for reuters.com. Switch’s IPO comes at a time when demand for data centers is increasing due to higher adoption of cloud-based storage.(Reuters) – Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose as much as 45 percent in their market debut on Friday, giving the company a market capitalization of more than $5.6 billion.Switch, which has data centers in Las…

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Microsoft makes a ‘crazy’ bet on fuel cells to feed power-hungry data centers

“That technology, Microsoft engineer Sean James says, could allow future data centers to someday unplug from the power grid entirely” writes Seattle Times Business for seattletimes.com. During periods of strain on the power grid, those turbines can power on and feed electricity back to the grid to prevent brownouts.Big data centers typically require their own substation-sized link to the power grid.The tech company is testing the use of natural gas-powered fuel cells that could someday allow data centers — which consume 2 percent of U.S. electricity — to unplug from…

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Markets News Stocks 

Nvidia’s stock jumps to 6th straight gain after SunTrust upgrade

“Stein raised his rating to buy, after being at hold since he started covering the stock on Sept. 19, 2016” writes Reporter Editor for marketwatch.com. The stock has now run up 15% since it last declined to close at a seven-week low on July 3.The stock NVDA, +3.92%  climbed 3% in midday trade, to surpass the June 8 record closing level of $159.94.Shares of Nvidia Corp. surged toward a sixth straight gain on Wednesday, after the graphics chip company was upgraded by SunTrust Robinson Humphrey analyst William Stein, who said…

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Nokia and Xiaomi enter into multi-year, cross-licensing patent agreement

“It was also revealed that Xiaomi acquired select patent assets from Nokia as part of the transaction” reports techspot.com. Chinese smartphone maker Xiaomi and Finnish technology company Nokia on Wednesday announced a business collaboration agreement and a multi-year patent licensing arrangement, the latter of which will allow the companies to cross-license each other’s standard essential patents.Nokia as part of the business cooperation agreement will provide Xiaomi with network infrastructure equipment designed to deliver the high capacity, low power requirements typically sought by datacenter operators and large-scale web providers. Source: techspot.com Share…

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